Needham Bank Announces the End of ATM Fees

May 22, 2013

Starting Monday, May 20, 2013 Needham Bank will reimburse any out of network ATM fees incurred on Personal and Business Checking accounts.

For Needham Bank customers, any ATM is their ATM. If a Needham Bank customer wants to get cash from the Bank of America machine across the street, or the TD Bank machine in New York, or the Wells Fargo ATM in an airport on the West Coast, they can do so without paying the fee those banks would charge. Needham Bank has them covered. Any ATM. Any time. Anywhere in the Nation. Whatever fee the other bank charges a Needham Bank customer, Needham Bank will reimburse your account at the end of your statement cycle..

“We’re pleased to put an end to ATM fees for our personal and business checking customers,” said Jack McGeorge, Chairman and Chief Executive Officer of Needham Bank. “For too long, banks have used ATM fees as the first of many usurious fees they inflict on their customers. We think that’s no way to treat a customer, because at Needham Bank, we’re fee-averse.”

“We believe banks should enable customers to access and manage their money in the way that fits their life,” McGeorge continued. “Removing the fees other banks charge for using their ATMs eliminates an arbitrary barrier between our customers and their money.”

The end of ATM fees makes NB Checking, Needham Bank’s flagship personal checking account, best in class. Each NB Checking account comes with Online Banking with Bill Pay, a Mobile App with Remote Deposit, a MasterMoneytm Debit Card, and now free access to any ATM in the nation.

Prior to announcing the end of ATM Fees, Needham Bank introduced NB Mobile Deposit, which enables Needham Bank customers to deposit a check directly from their mobile device.

In 2011, Needham Bank introduced NB Online Banking, which enabled their customers to check their account balance, pay their bills, transfer funds between accounts, and manage their finances online.

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About Needham Bank

Needham Bank, headquartered at 1063 Great Plain Avenue in Needham, MA, is the quintessential community bank, serving Boston and its neighboring communities continuously since 1892. Needham Bank represents the evolution of community banking, bringing the latest financial products and technologies for our customers, while maintaining an unwavering commitment to the communities served. For more information please visit NeedhamBank.com or call 1-781-444-2100. Needham Bank is a member of FDIC and SIF.